TITLE 41

Sports, Racing, and Athletics

CHAPTER 41-10

Off Track Betting

SECTION 41-10-7



   § 41-10-7  Off track betting taxes and

commissions. –

(a) Each licensee conducting wagering in an off track betting facility under

the pari-mutuel system shall pay to the state, and there is hereby imposed, a

tax on such events at the rate of:



   (1) Three and one half percent (3.5%) of the total money

wagered thereon on win, place, and show wagers;



   (2) Four percent (4%) on multiple wagers therein involving

two (2) animals; and



   (3) Four and one half percent (4.5%) on exotic wagers therein

involving three (3) or more animals.



   (b) Where the division has approved the commingling of wagers

placed at the off track betting facility into similar wagering pools at a host

facility where the racing event is conducted, each licensee conducting wagering

in an off track betting facility may retain as his or her licensee's commission

an amount equal to the takeout at the host facility. Where commingling of

wagers does not occur the division shall be:



   (1) Eighteen percent (18%) of the amount wagered therein on

win, place and show wagers;



   (2) Twenty percent (20%) on multiple wagers therein,

involving two (2) animals;



   (3) Twenty-five percent (25%) on exotic wagers therein

involving three (3) or more animals; and



   (4) One half (1/2) of the breakage to the dime resulting from

such betting shall be paid to the division to support the division in

accordance with § 41-4-4.1. The remaining breakage shall be retained by

the licensee.



   (c) Off track betting licensees may impose a surcharge on

winning wagers of up to five and one half percent (5.5%) to offset

telecommunications costs and the cost of acquiring racing signals.



History of Section.

(P.L. 1990, ch. 512, § 1.)